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Tag Archives: RBC

Canadian GDP rises 2.6% in fourth quarter

(March 2, 2017) -- Activity in the fourth quarter received a significant boost from consumer spending rising 2.6 percent with a solid increase in the durables component reflecting auto sales being at record highs, said Ferley. Read More »

Bank of Canada remains wary of economy

(March 1, 2017) -- "The committee reiterated that there is slack in the domestic labor market pointing to the slow pace of wage gains and hours worked as evidence. The bank also remains concerned about exports which they say continue to face competitiveness challenges," said Desjardins. Read More »

Canadian inflation jumps to 2.1% in January

(Feb. 27, 2017) -- "Inflation is on track to exceed the bank’s 1.8 percent projection for the first quarter, but their new core measures, which remain slightly below 2 percent on average, are consistent with their assessment that the economy is running below potential," Nye explained. Read More »

Fed provides few clues to timing of next rate hike

(Feb. 23, 2017) -- "A run of positive economic data and a slightly hawkish tone from Chair Janet Yellen last week raised the odds of a rate hike at the upcoming meeting, although markets continue to see that as less than a 50/50 prospect," said Nye. Read More »

Canadian retail sales declined 0.5% in December

(Feb. 22, 2017) -- Sales at automobile dealers declined 2.5 percent in December, largely in line with an earlier-reported drop in unit vehicle sales in the month following an outsized sales pace in November. Sales of motor vehicle and parts were still up 3.9 percent from a year ago in December. Read More »

U.S. inflation at 5-year high, retail sales climb

(Feb. 15, 2017) -- "Headline inflation has now risen for six consecutive months as energy prices switched from a source of disinflation to a positive add," said Nye. "We expect that trend will continue in February with inflation picking up closer to 2.75 percent." Read More »

Economy adds 227,000 jobs in January

(Feb. 3, 2017) -- "Today’s report indicates continued robust increases in employment going into 2017," said Ferley. "Such bodes well for overall gross domestic product (GDP) growth to continue at an above-potential rate as prevailed over the second half of 2016." Read More »

Federal Reserve keeps interest rate stable

(Feb. 1, 2017) -- "Market-based inflation expectations also rose markedly in recent months; however policy makers seem unconcerned about this development stating that the implied rates are still low and survey-based measures are holding steady," said Desjardins. Read More »

Canadian GDP rises 0.4% in November

(Jan. 31, 2017) -- "Fourth quarter growth is expected to be restrained by a major drawdown in inventories that look likely to subtract almost 4 percentage points from the growth rate though this will be offset by solid consumer spending and strengthening net exports," said Ferley. Read More »

U.S. consumer spending up in December

(Jan. 30, 2017) -- Overall December spending was boosted by a 2.8 percent increase in motor vehicle sales, which was consistent with the earlier-reported 3 percent increase in December unit vehicle sales, and contributed to a 1.4 percent gain in spending on durable goods, RBC Economics reported. Read More »

U.S. GDP up just 1.9% in fourth quarter

(Jan. 27, 2017) -- The advance estimate of fourth quarter gross domestic product (GDP) in the United States grew at 1.9 percent, down from 3.5 percent in the third quarter but still marking a slightly "above-trend" pace of growth, RBC Economics reported. Read More »

Canadian retail sales rise 0.2 percent

(Jan. 20, 2017) -- "These increases bode well for November GDP to reverse the unexpected 0.3 percent decline in October GDP. This bounce back and earlier monthly increases point to Q4 GDP growth remaining positive rising an annualized 1.5 percent," said Ferley. Read More »